The Future of Battery-Free Stationary Energy Storage azom.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azom.com Daily Mail and Mail on Sunday newspapers.
BOSTON, June 1, 2021 /PRNewswire/ The stationary energy storage market is growing very fast, with daily news of large installations announced at both sides of the power grid: Front-of-Meter
Urgent Need for New Stationary Storage, Reveals IDTechEx
News provided by
Share this article
Share this article
BOSTON, May 24, 2021 /PRNewswire/ Starved of lithium-ion batteries and pumped storage sites, the stationary energy storage business is urgently looking for alternatives. See them in the new IDTechEx report, Stationary Energy Storage Without Batteries: Grid, Microgrid, UPS, Trackside 2021-2041 .
Tesla now sells its Powerwall house battery only to those buying the full solar house and, like its competitors, it has delayed electric vehicle launches also due to battery shortage. Metals shortages are taking over from too few gigafactories as the primary impediment ongoing. Demand for electric vehicles and grid renewables storage is rocketing even before solar houses reach the tipping point and need tens of millions more. In addition, energy-independent smart cities need distributed energy storage for their ocean, wind, and ubiquitous solar power.
Image Credit: tong patong/Shutterstock.com
The way we produce electricity has changed; we are no longer compelled to rely on expensive, polluting fossil fuels and instead have opted for cleaner and cheaper sources.
Power generation in the future is likely to consist of a mix of low-carbon sources such as renewables, hydro and nuclear power. But while renewable sources like the sun and wind now supply a large proportion of our energy, they are intermittent, only generating energy at certain times.
To reap the full benefits of renewables, we must store some of the energy when it is generated and use it in peak demand. One way to do this is with stationary energy storage in the form of batteries.
Advertisement
IDTechEx recently released an update of the report ‘Batteries for Stationary Energy Storage 2021-2031’. The report investigated the recent development of batteries for stationary energy storage, showing the forecast of battery installations and market size.
IDTechEx Battery Market Forecast (US$ billion)
The report shows the fast-growing scale of this market, analysing the main technologies involved in this energetic revolution.
The way to produce electricity is changing; a growing amount of renewable energies are installed every day, and this has a strong impact on the electricity grid and, more in general, on the electricity market.
All of the main countries in the world have adopted a renewable energy target, either to reach a specific percentage of energy produced by renewables or to install a defined amount of power, as is the case in India and in the US States of Texas and Iowa.